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BTC/USD Short Term Outlook

Wednesday, February 18, 2015 9:42 AM UTC

BTC/USD has recovered till $243 after making a low of $220. Overall trend i still bearish as long as resistance $265 holds.
On the downside minor support is around $235 and below will drag the pair further down till $220/ /$208.
The pair's minor intraday resistance is around $245 and break above will extend gains to $250/$260.

Indicators (4 Hours chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Neutral

Recommendation: Sell BTC/USD around $237, SL $251, Targets $220/$210.

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BTC/USD Short Term Outlook

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